State of Alaska Department of Revenue increased its position in shares of Strategic Education, Inc. (NASDAQ:STRA – Get Rating) by 10.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,364 shares of the health services provider's stock after purchasing an additional 1,625 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.07% of Strategic Education worth $1,225,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. Barclays PLC grew its holdings in Strategic Education by 74.5% during the 4th quarter. Barclays PLC now owns 39,309 shares of the health services provider's stock worth $2,273,000 after acquiring an additional 16,786 shares during the last quarter. Systematic Financial Management LP grew its holdings in Strategic Education by 100.6% during the 1st quarter. Systematic Financial Management LP now owns 21,930 shares of the health services provider's stock worth $1,456,000 after acquiring an additional 11,000 shares during the last quarter. Marshfield Associates grew its holdings in Strategic Education by 28.1% during the 4th quarter. Marshfield Associates now owns 1,947,990 shares of the health services provider's stock worth $112,672,000 after acquiring an additional 426,776 shares during the last quarter. Bridgewater Associates LP grew its holdings in Strategic Education by 9.9% during the 4th quarter. Bridgewater Associates LP now owns 47,390 shares of the health services provider's stock worth $2,741,000 after acquiring an additional 4,275 shares during the last quarter. Finally, Kempen Capital Management N.V. grew its holdings in Strategic Education by 19.8% during the 1st quarter. Kempen Capital Management N.V. now owns 1,010,202 shares of the health services provider's stock worth $67,056,000 after acquiring an additional 166,895 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company's stock.
Get Strategic Education alerts:Analysts Set New Price Targets
STRA has been the topic of a number of research analyst reports. Truist Financial increased their price objective on shares of Strategic Education from $65.00 to $75.00 in a report on Thursday, July 28th. Barrington Research raised their target price on shares of Strategic Education from $75.00 to $85.00 in a research note on Wednesday, July 27th.
Strategic Education Stock Down 1.5 %
Shares of NASDAQ STRA opened at $61.37 on Tuesday. The firm has a market capitalization of $1.51 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 1.56 and a beta of 0.46. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09. Strategic Education, Inc. has a 1 year low of $48.01 and a 1 year high of $75.03. The firm's 50-day moving average is $67.46 and its 200-day moving average is $66.64.Strategic Education (NASDAQ:STRA – Get Rating) last issued its earnings results on Wednesday, July 27th. The health services provider reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.12). The business had revenue of $273.56 million during the quarter, compared to the consensus estimate of $275.88 million. Strategic Education had a net margin of 4.45% and a return on equity of 4.44%. The firm's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period last year, the business posted $1.55 EPS. Equities analysts expect that Strategic Education, Inc. will post 2.66 EPS for the current year.
Strategic Education Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, September 2nd were given a $0.60 dividend. The ex-dividend date was Thursday, September 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.91%. Strategic Education's dividend payout ratio is 121.21%.
About Strategic Education
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Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. It operates through three segments: U.S. Higher Education, Australia/New Zealand, and Education Technology Services. The company operates Strayer University that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and an executive MBA online through its Jack Welch Management Institute.
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